Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
iShares China Large-Cap ETF
FXI
$4.24B
| $74.8M | 0.02% |
2,820,047
+206,996
| +8% | +$5.71M |
|
|
CNR
777
CALL
Core Natural Resources Inc
CNR
$4.78B
| $74.7M | 0.02% |
712,500
-19,900
| -3% | -$1.63M |
|
778
CALL
Akamai
AKAM
$15.2B
| $74.7M | 0.02% |
701,000
+18,700
| +3% | +$1.86M |
|
779
PUT
MGM Resorts International
MGM
$11B
| $74.7M | 0.02% |
2,031,400
+1,042,900
| +106% | +$46.1M |
|
780
PUT
Boston Beer
SAM
$1.95B
| $74.4M | 0.02% |
190,900
+29,200
| +18% | +$10.2M |
|
781
Energy Transfer Partners
ET
$72.6B
| $73.8M | 0.02% |
5,261,063
-549,934
| -9% | -$7.29M |
|
782
PUT
Colgate-Palmolive
CL
$73.8B
| $73.7M | 0.02% |
1,037,100
+458,900
| +79% | +$34.3M |
|
783
PUT
AB InBev
BUD
$156B
| $73.7M | 0.02% |
1,332,500
-899,400
| -40% | -$51M |
|
784
CALL
PBF Energy
PBF
$8.24B
| $73.5M | 0.02% |
1,373,800
+228,200
| +20% | +$10.9M |
|
785
PUT
Upstart Holdings
UPST
$2.91B
| $73M | 0.02% |
2,558,300
+154,500
| +6% | +$6.21M |
|
786
PUT
Simon Property Group
SPG
$71.4B
| $73M | 0.02% |
675,700
+136,600
| +25% | +$16M |
|
787
CALL
argenx
ARGX
$63.3B
| $72.9M | 0.02% |
148,200
+9,100
| +7% | +$4.45M |
|
788
Dollar General
DG
$27.6B
| $72.7M | 0.02% |
687,281
+282,571
| +70% | +$42.1M |
|
789
CALL
Zillow
Z
$8.33B
| $72.7M | 0.02% |
1,574,000
-221,800
| -12% | -$11.4M |
|
790
CALL
Caesars Entertainment
CZR
$6.04B
| $72.4M | 0.02% |
1,562,800
+427,900
| +38% | +$22.7M |
|
791
CALL
Cadence Design Systems
CDNS
$87B
| $72.3M | 0.02% |
308,600
-118,700
| -28% | -$27.8M |
|
792
CALL
Mondelez International
MDLZ
$82.6B
| $72M | 0.02% |
1,037,300
+172,300
| +20% | +$12.4M |
|
793
PUT
CF Industries
CF
$19.6B
| $72M | 0.02% |
839,500
+24,100
| +3% | +$1.9M |
|
794
CALL
Western Digital
WDC
$157B
| $71.9M | 0.02% |
2,083,857
-131,374
| -6% | -$4.14M |
|
795
Chubb
CB
$133B
| $71.8M | 0.01% |
344,895
+194,581
| +129% | +$39.3M |
|
796
United Parcel Service
UPS
$87.4B
| $71.7M | 0.01% |
460,132
+54,308
| +13% | +$9.37M |
|
|
DFS
797
CALL
DELISTED
Discover Financial Services
DFS
| $71M | 0.01% |
820,100
+363,400
| +80% | +$36.1M |
|
798
CALL
The Mosaic Company
MOS
$7.63B
| $71M | 0.01% |
1,994,700
+299,700
| +18% | +$11.5M |
|
799
PUT
Dell
DELL
$280B
| $70.6M | 0.01% |
1,025,000
+729,400
| +247% | +$43.5M |
|
800
Sea Limited
SE
$70.9B
| $70.5M | 0.01% |
1,605,027
+1,157,136
| +258% | +$56.6M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.